Financials
Q1-2016: TV Today revenue down 4.6% to Rs 127.11 crore, PAT down 45%
BENGALURU: TV Today Network Limited (TVTN) reported 4.6 per cent decline in standalone Total Income from Operations (TIO) in the quarter ended 30 June, 2015 (Q1-2016) to Rs 127.11 crore as compared to the TIO of Rs 133.22 crore Q1-2015. TIO, in the current quarter however increased 11 per cent as compared to the Rs 114.54 crore in the immediate trailing quarter Q4-2015.
Profit after tax (PAT) for Q1-2016 declined 45.2 per cent to Rs 17.96 crore (14.1 per cent margin) as compared to the Rs 32.79 crore (24.6 per cent margin) in the corresponding year ago quarter, but more than doubled 2.07 times) the Rs 8.69 crore (7.6 per cent margin) in Q4-2015.
Note: 100,00,000 = 100 lakh = 10 million = 1 crore
All numbers in this report are standalone unless stated otherwise.
Segment revenue
TVTN’s Television Broadcasting segment (TV segment) reported a four per cent decline in operating revenue in Q1-2016 to Rs 124.65 crore as compared to the Rs 129.85 crore in Q1-2015. However, revenue from the segment in the current quarter increased 12.7 per cent as compared to the Rs 110.63 crore in Q4-2015.
TV segment reported a steep 45.6 per cent decline in operating result (profit) to Rs 29.98 crore as compared to the Rs 51.43 crore in Q1-2015, but reported almost double (1.88 times) the operating profit of Rs 14.90 crore in Q4-2015.
The company’s radio segment also reported improved q-o-q operating results, but y-o-y operating results declined. Revenue from TV Today’s radio segment declined 26.7 per cent to Rs 2.47 crore in Q1-2016 as compared to the Rs 3.37 crore in the corresponding year ago quarter and declined by an even larger 36.8 per cent as compared to the Rs 3.90 crore in Q4-2015. Though operating loss in the current quarter was higher at Rs 2.62 crore as compared to the Rs 2.56 crore in Q1-2015, it was lower than the Rs 2.98 crore in Q4-2015.
Rebranding of Headlines Today to India Today
TVTN rebranded its English news channel from ‘Headlines Today’ to ‘India Today’ from 23 May, 2015 in order to benefit from the brand name of India Today, which is expected to enhance the impact and reach of the channel. The company has incurred a marketing expense of Rs 14.38 crore towards re-branding. Consequently, the company’s advertisement, distribution and sales promotion expense (ad expense) in Q1-2016 at Rs 38.24 crore (30.1 per cent of TIO) was 83.8 per cent more than the Rs 20.81 crore in Q1-2015 and 17 per cent more than the Rs 32.68 crore (28.5 per cent of TIO) in Q4-2015.
Let us look at the other numbers reported by TV Today
Total Expenditure in Q1-2016 at Rs 105.29 crore (82.8 per cent of TIO) was 23.1 per cent more than the Rs 85.52 crore in Q1-2015 (64.2 per cent of TIO), but was 6.6 per cent lower than the Rs 112.70 crore (98.4 per cent of TIO) in the previous quarter.
Production cost in Q1-2016 declined 5.8 per cent to Rs 12.11 crore (9.5 per cent of TIO) as compared to the Rs 12.86 crore (9.7 per cent of TIO) in Q1-2015 and was 32.5 per cent lower than the Rs 17.94 crore (15.7 per cent of TIO) in Q4-2015.
Employee Benefit Expense in the current quarter at Rs 32.81 crore (25.8 per cent of TIO) was 18.9 per cent more than the Rs 27.60 crore (20.7 per cent of TIO) in Q1-2015 and 12.2 per cent more than the Rs 29.25 crore (25.5 per cent of TIO) in Q4-2015.
Other expenses in Q1-2016 at Rs 14.13 crore (11.1 per cent of TIO) declined 15.1 per cent as compared to the Rs 16.64 crore (12.5 per cent of TIO) in Q1-2015 and declined 44.6 per cent as compared to the Rs 25.53 crore (22.3 per cent of TIO) in Q4-2015.
EBIDTA in Q1-2016 at Rs 29.82 crore (23.5 per cent margin) declined 46.1 per cent as compared to the Rs 55.31 crore (41.5 per cent margin) in Q1-2015, but was more than three times (3.27 times) the Rs 9.13 crore (eight per cent margin) in Q4-2015.
MUMBAI: It’s time to brief the markets: Page Industries is showing that even when regulations tighten, it can still keep its footing in the innerwear business. The Bengaluru-based apparel major has reported its financials for the quarter ended 31 December 2025, delivering a performance that remains steady and well put together.
The company’s top line showed plenty of elasticity this quarter. Revenue from operations stretched to Rs 1,38,675.71 lakhs, a healthy jump from the Rs 1,29,085.82 lakhs reported in the preceding quarter. Compared to the same period last year, which stood at Rs 1,31,305.10 lakhs, it’s clear the brand’s grip on the market isn’t loosening. Total income for the quarter, including other finance gains, reached a comfortable Rs 1,39,919.03 lakhs.
However, it wasn’t all smooth silk. The Government of India’s new unified Labour Codes, covering everything from wages to social security, officially kicked in on 21 November 2025. This regulatory shift forced Page Industries to account for a one-time “exceptional item” cost of Rs 3,500.42 lakhs to cover incremental employee benefits and related obligations. Despite this Rs 35-crore legislative snag, the underlying business remained robust. Profit before tax stood at Rs 25,625.35 lakhs after the exceptional hit, and without that one-off cost, the figure would have been a more muscular Rs 29,125.77 lakhs. Net profit for the quarter came in at Rs 18,953.64 lakhs.
Total expenses rose to Rs 1,10,793.26 lakhs, driven largely by raw material consumption of Rs 30,162.65 lakhs and employee benefits of Rs 23,310.66 lakhs. Even so, the company’s operational strength ensured the bottom line remained firmly stitched together.
For shareholders, the news is particularly “fitting.” The Board has declared a third interim dividend for 2025-26 of Rs 125 per equity share. The record date has been set for 11 February 2026, with the payment scheduled on or before 6 March 2026. This follows two previous interim dividends of Rs 150 and Rs 125 declared earlier in the financial year, reinforcing the company’s commitment to sharing the spoils of its success.
Looking at the nine-month stretch ending December 2025, Page Industries has amassed total income of Rs 4,04,090.59 lakhs, with total comprehensive income of Rs 58,231.49 lakhs. While the basic earnings per share for the quarter dipped slightly to Rs 169.93, compared to Rs 183.48 in the same quarter last year, the year-to-date EPS remains a solid Rs 524.57.
Auditors at S.R. Batliboi & Associates LLP have given the results a “limited review” thumbs up, reporting no material misstatements. It seems that, as far as Page Industries is concerned, the business remains as well-constructed as its famous Jockey briefs.
